Brainstorming The Banking Problems To Diagnose The Issues And Deduce Areas of Reform/Replacement

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Brainstorming The Banking Problems To Diagnose The Issues Which Will Point to Logical Areas to Reform or Replace


The type of brainstorming I am suggesting using here is a “DFA/CampWellstone” style of brainstorming used to identify problems which can be aggregated into consensus building areas of reform.  Brainstorming is generally done in person or over a conference call.  Doing this over the internet is a bit different.  No one is going to make you participate, but full participation will create a far better outcome and facilitate consensus building within the alternative banking working group. So I encourage everyone in the Alternative Banking working group to participate.


Purpose: To facilitate a continuously improving system of identifying all the problems of the existing banking system including problems of omission, to categorize those problems and issues into similar areas which will then point us toward areas of reforms and/or replacement of the existing system with an itemized list of problems to solve.


Outcome: The outcome of this process should be a fairly complete list of reform areas with itemized issues to be resolved which sub-working groups can concentrate on to come up with both legislative and non-legislative solution proposals.  The advantage of going through this process is that we as a working group are less likely to leave important issues unaddressed and more likely to come up with a well balanced comprehensive set of solutions to the universe of banking issues.


STEP 1: Build a complete list of everything wrong with the banking system. All the problems all the issues you can think of.  There is no judgment. List every frickin problem/issue you can think of that is important to you.


I ask that everyone in the Alternative Banking group make a list of all of their issues both general and personal with the banking industry and email me your list at with the Subject: “Alt-Banking Brainstorming Step 1”.  I will then aggregate everyone’s list into one comprehensive list which I will publish on


Step 1 Example Issues List:

  1. The banks should not be able to gamble away my investments
  2. Tax payers shouldn’t have to bail out banks
  3. Employee whistle blowing is nearly impossible at the banks because of “Employment at Will” and the lack of unionization facilitate comprehensive workplace bullying by those in positions of power.
  4. My credit card rates at too high 14% when the banks are able to borrow money from the Fed at 0.25%
  5. The transnational banks are refeudalizing the planet subjugating all governments democracies and dictatorships alike to the dictates of a few trans-national CEOs
  6. Why isn’t my mortgage rate 0.25%.  I’d be fine if the FED were lending me money at 0.25%
  7. Why can these banksters get bailed out but I can’t even declare bankruptcy to get rid of my student loan debt and keep my house.
  8. Why can the banks create products like exotic derivatives such as swaptions whose sole purpose appears to be to defraud the customer and appropriate money.
  9. Banks don’t create wealth they merely appropriate wealth. As such the act of banking acts as a tax on the creation of real wealth: goods, infrastructure, necessary human being centered services.  How do we minimize the tax of banking?
  10. Do Credit Rating Agencies from Dow Jones, Fitch, & Moodies, to TRW, Equifax, and Experian do any sort of quality and accurate job of defining any credit rating?
  11. I don’t have even my “First Amendment Rights” in the private workplace, yet the “artificial person” the corporation does.
  12. Why does the CEO make 300 times more than I do when s/he conducts his meetings on the golf course? Shouldn’t s/he make no more than 10 times what I make?


STEP 2: Once the Step 1 List is published we can iteratively group the step 1 list into similar areas of concern which will then be published again. This step is key to diagnose the universe of banking problems.  Email regarding this step should be sent to me with the Subject: “Alt-Banking Brainstorming Step 2”


STEP 3: From the aggregated areas of concern we can deduce and suggest reform areas/replacement areas from which we could create sub-working groups to work on legislative and non-legislative solutions which will address the consolidated itemized list of issues obtained in step 1.  Email regarding this step should be sent to me with the Subject: “Alt-Banking Brainstorming Step 3”


Step 1 is key to getting a compete comprehensive picture of the universe of banking issues from which we can diagnose problems and facilitate consensus solutions.  So again I ask each of you to create your own list of banking issues and email it to me so that we can move forward with this process in a comprehensive manner.


Also, I intend that this be an ongoing iterative process not a one off.  By that I mean if we get through step three and someone/anyone comes into the group and wishes to add to the list of banking issues something not yet listed to be addressed I intend that they be able to do that.




Christian Williams


2 Responses to “Brainstorming The Banking Problems To Diagnose The Issues And Deduce Areas of Reform/Replacement”

  1. John Turmel

    Jct: You can’t brainstorm the problem if you don’t have a blueprint of the malfunctioning system. As the only Professor of Banking Systems Engineering, is the control system of the malfunctioning 1/(s-i) (interest positive feedback) banking system. is how to fix it and is the resulting working 1/s LETS interest-free model. All explained in my advanced engineering analysis at Note the only instability is the “i”

  2. Christian Williams

    NOT TRUE. First off there isn’t a “problem” with the banking system. There are a lot of “problems”. We can brainstorm the problems plural and we are going to. The purpose of brainstorming the problems is to get all the problems collected and listed after which and only after which a diagnosis is possible. A blueprint at this stage is unnecessary and irrelevant. The purpose of the brainstorming is to 1. Aggregate all the known issues. 2. Categorize them into related areas. 3. From those categorized areas define areas for necessary reform and/or replacement. This initial brainstorming is designed to point to areas needing reform and/replacement. It will not come up with solutions for those various areas. That will come later and may at that time require a blueprint. I would prefer you take part in this process listing all the known issues you have with the banking system instead of simply dismissing it. As you are a professor of “Banking Systems Engineering” I have some questions for you. What exactly has the banking system been designed to do for the 99% and how well does it do that? Also, is the design of the banking system what the 99% want or need in a banking system to facilitate economic democracy and shared prosperity?